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$319,999 -$5,001 (-1.54%) Price Reduced

  • For Sale
  • Active
  • Townhouse
  • 2 Beds
  • 2 Full Baths
  • 1,232 Sq. Ft.
  • Updated 2 days ago
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Turnkey investment opportunity with immediate rental income! This updated 2-bed, 2-bath townhome is tenant-occupied, offering instant cash flow from day one. Major capital improvements have already been completed, including a new roof, AC system, electric panel, flooring, fresh interior paint, and renovated bathrooms-minimizing future maintenance costs for investors. The upgraded kitchen features white shaker cabinetry, butcher block countertops, and stainless steel appliances, adding strong tenant appeal. Additional highlights include low HOA fees, accordion hurricane shutters for storm protection, a fenced front patio & two assigned parking spaces. Ideal for investors seeking a stabilized, income-producing property with strong rental appeal and minimal deferred maintenance.

Full Property Details for 198 Lake Arbor Dr

General

  • Price: $319,999
  • HOA FEE: $283/month
  • Taxes: $2,389 (2025)
  • Status: Active
  • Type: Townhouse
  • Source: Regional
  • MLS ID: B26013829
  • Updated: 5/19/2026
  • Added to Site: 46 day(s) ago

Interior

  • Number of Rooms: 3
  • Interior Features: Dual Sinks, Pantry, Storage, Tub Shower, Upper Level Primary
  • Appliances: Dryer, Dishwasher, Electric Range, Gas Water Heater, Ice Maker, Microwave, Range, Refrigerator, Vented Exhaust Fan, Water Heater, Washer
  • Furnishings: Unfurnished
  • Flooring: Vinyl, Wood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Floor Baths: 1

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: Gas Dryer Hookup, Inside, In Bathroom, Main Level, Laundry Room, In Unit

Additional Information

  • Shared Amenities: Playground, Parking, Sidewalks
  • Security/Safety: Smoke Detector(s)

Exterior

  • Exterior Features: Balcony, Outdoor Living Area
  • Porch/Patio/Deck: Deck, Open, Patio, Balcony

Parking

  • Total Spaces: 2
  • Parking Features: Assigned, Guest

Location

  • County: Palm Beach
  • Subdivision: LAKEWOOD OF PALM SPRINGS
  • Direction Faces: South

School Information

  • Elementary School: Meadow Park
  • Middle School: Conniston Community
  • High School: Forest Hill

Community

  • Community Name: 5660
  • Association: Yes
  • Assoc. Fees Include: Common Areas, Insurance, Maintenance Grounds, Trash
  • Pets Allowed: Yes

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s), Electric
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Connected, Natural Gas Connected, Water Connected

Structural Information

  • Structure Type: Townhouse
  • Construction: Brick, Block, Stucco
  • Roof: Mansard, Other, Shingle
  • Entry Floor Number: 2
  • Entry Location: Entry Level Living Area Y
  • Stories/Levels: 2
  • Building Size: 1274
  • Square Feet: 1,232
  • Sq. Ft. Source: Public Records
  • Living Area: 1,232 Sq. Ft.
  • Year Built: 1978
  • Property Condition: Resale

Lot Features

  • Lot Size (Acres): 0.03
  • Street Lights: Yes
  • Lot Features: 1/4 Acre
  • Zoning: RM (city)
  • Fencing (Description): Back Yard, Fenced, Gate

Water Features

  • Water Front View: None

Financial Considerations

  • Association Fee: $283
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $2,389.48
  • Tax Year: 2025
  • Terms: Cash, Conventional, 1031 Exchange, FHA

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: LAKEWOOD OF PALM SPRINGS TH PT OF TR B IN OR2732P1135 BEING UNIT 198 OF LAKEWOOD TOWNHOUSE PROJECT
  • Property ID: 70434417540021980

Listed by Gobin & Co., LLC.

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Listing agent

— 198 Lake Arbor Dr —

  • Gobin & Co., LLC.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 198 Lake Arbor Dr

School District:Palm Beach County School District
NameGradesDistance
Meadow Park Elementary School, West Palm Beach, FL
956 Florida Mango Road, West Palm Beach, FL 33406
PK-51.8 mi
Conniston Middle School
3630 Parker Avenue, West Palm Beach, FL 33405
6-83.1 mi
Forest Hill Community High School
6901 Parker Avenue, West Palm Beach, FL 33405
9-121.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 198 Lake Arbor Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/19/2026
Price Reduced
$319,999
-1.54%
MLS
4/10/2026
Listed
$325,000
27.45%
MLS
8/14/2025
Sold
$255,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 198 Lake Arbor Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,313
—
$147,402
3%
2024
$2,313
3%
$143,248
3%
2023
$2,247
6%
$139,076
6%
2021
$2,129
-3%
$131,092
-3%
2022
$2,188
3%
$135,025
4%
2021
$2,129
3%
$129,282
2%
2019
$2,073
2%
$126,375
10%
2018
$2,023
-16%
$115,308
15%
2017
$2,402
6%
$100,439
10%
2016
$2,263
15%
$91,308
18%
2015
$1,972
20%
$77,308
27%
2014
$1,638
9%
$60,839
10%
2013
$1,497
—
$55,308
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Gobin & Co., LLC.

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198 Lake Arbor Drive, Palm Springs, FL 33461 (MLS# B26013829) is a Townhouse property with 2 bedrooms and 2 full bathrooms. 198 Lake Arbor Drive is currently listed for $319,999 and was received on April 10, 2026. Want to learn more about 198 Lake Arbor Drive? Do you have questions about finding other Townhouse real estate for sale in Palm Springs? You can browse all Palm Springs real estate or contact a Coldwell Banker agent to request more information.

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